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5076 Lakeland Drive, Flowood, MS 39232 (MLS# 4125360)

5076 Lakeland Drive, Flowood, MS 39232

$3,500,000
Property Type: Commercial Sale Square Footage: 10,000 Lot Size (sq. ft.): 125,888 Status: Active
Current Price: $3,500,000 List Date: 9/11/2025 Last Modified: 9/08/2026

Overview

Description

Positioned right on Lakeland Drive, this is a rare chance to own two modern commercial buildings in one of Flowood's most visible corridors. The property includes a ± 4,007‑SF freestanding IHOP restaurant alongside a ± 6,000‑SF three‑unit retail center, all built in 2019 with separate utilities and high‑clear ceilings. Together they offer ± 10,007 SF of space on ± 2.88 acres, with the flexibility to hold as one investment or sell the pieces separately down the road. Flowood sits in Rankin County, one of Mississippi's fastest‑growing counties and Lakeland Drive is its lifeline. The highway carries around 45 K vehicles per day and recent retail investment comps along the corridor report 32 K-47 K cars daily. That traffic brings steady customers to the area's dense mix of national brands—nearby you'll find Target, Walmart, Best Buy, Kroger, Lowe's and more. The five‑mile trade area is ho ...

Listing Details MLS# 4125360

General Property Information

Approx Lot Size Acres
2.89
Approx H/C SqFt
10000
SqFt Source
Plans
List Price/SqFt
350
Year Built
2019
Year Built Source
Owner
Total Floors
Yes
Accessibility Features
Yes
Property Sub Type
Retail

Address and Location Information

Street Number
5076
Street Name
Lakeland
Street Suffix
Drive
County
Rankin
State
MS
Zip Code
39232
Parcel Number
G11-000044-00212
Community Of
N/A

Listing Information

Property Sub Type
Retail
Listing Service
Full Service

Tax and Financial Information

Tax Annual Amount
25452
Tax Year
2024
Flood Insurance Required?
No
Leasehold Y/N
No
Legal Description
A LOT 297.04 X 140.73 X 344.24 X 148.44 BEING APPROX 1.035 X IN SW4 SW4 & SE4 SW4

Auction

Auction
No

Showing Requirements

Showing
Appointment Required

More Information

Basement Features

Basement
No
Listing Office: Real Broker
Listing Agent: Jeff Hadley
Source MLS Verified
Last Updated: September - 08 - 2026
Information is deemed to be reliable but not guaranteed. Copyright 2026 MLS United, LLC.
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